Grande Portage Resources Signs Letter of Intent with Goldbelt

Grande Portage Resources Ltd. has signed a Letter of Intent with Goldbelt, Inc. to explore the development of an ore terminal at Cascade Point, SE Alaska. This location is about 33 miles northwest of Juneau. The terminal would support the New Amalga gold mine project.

Grande Portage is evaluating a selective underground mining plan for the New Amalga mine. The Company believes that a Direct Shipping Ore (DSO) platform holds significant potential. Cascade Point is a strategic site, accessible through the existing Glacier Highway. The ore terminal design will also accommodate a future ferry terminal.

Ian Klassen, President and CEO, highlighted the strategic importance of the partnership with Goldbelt. The development aims to minimize the mine's footprint while ensuring high environmental standards. The project could generate hundreds of jobs for local communities.